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AFRI Afriag

0.085
0.00 (0.00%)
09 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Afriag LSE:AFRI London Ordinary Share IM00B3VVCM89 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.085 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

AfriAg Global Plc - Issue of existing shares from Company's EBT

11/08/2016 3:42pm

PR Newswire (US)


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11 August 2016

AfriAg Global PLC

(“AfriAg Global” or the “Company”)

Issue of existing shares from the Company’s Employee Benefits Trust.

AfriAg Global PLC (ISDX: AFRI) announces that Mr Paul de Robillard, who is responsible for managing all of the Company’s rapidly growing global logistics divisions, will be issued 100 million ordinary shares in the the Company, representing 7.2% of the Company’s ordinary shares on issue, from its pre-existing and approved Employee Benefit Trust (“EBT”).

The establishment of the Company’s EBT was previously announced on 3 October 2014. There will be no new shares issued by the Company to satisfy this distribution of shares from the EBT, leaving 18 million shares remaining in the EBT.

David Lenigas, AfriAg Global’s Executive Chairman, commented;

“Paul de Robillard has been very instrumental in building the strong foundation of the Company’s global logistics business and food marketing and sales division, and he has now achieved the performance targets set by the Company back in December 2014.”

The directors of the Company accept responsibility for the contents of this announcement.

-ENDS-

AfriAg Global Plc:                                     www.afriagglobal.com
David Lenigas (Executive Chairman)
Anthony Samaha (Finance Director)
Hamish Harris
+44 (0)20 7440 0640
Peterhouse Corporate Finance Limited
Guy Miller
Fungai Ndoro
+44 (0)20 7469 0930

Copyright t 11 PR Newswire

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